Oil & Gas Industry News

A record volume of swaps that traders use to hedge benchmark physical oil prices changed hands on Friday as prices jumped.

Market uncertainty grew with mixed signals on Russia and Iran, affecting oil demand forecasts.

President Donald Trump said he was 'very angry' at Vladimir Putin.

'This quarter's lease sales demonstrate Interior's unwavering commitment to fostering American energy dominance', Department of the Interior Secretary Doug Burgum said.

'If the sanctions are expanded ... the consequences will reach far beyond Iran, could reshape geopolitics, and send shockwaves through energy markets', Rystad warned.

It's the latest pledge from Poilievre, who's trying to rebuild momentum for his campaign ahead of a general election on April 28.

Falling US output and potential sanctions on Russia and Iran fueled the rally.

The Trump administration revoked permits and waivers allowing Western energy firms to operate in Venezuela, three people familiar with the issue said Saturday.

Executives from oil and gas firms have revealed where they expect the WTI crude oil price to be at various points in the future as part of the first quarter Dallas Fed Energy Survey.

The total U.S. rig count decreased by one week on week and the total Canada rig count decreased by 17 during the same period, Baker Hughes' latest North America rotary rig count outlined.